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Russo Company was organized on JAN 01 During the first year of operations, these plant...

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Accounting

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Russo Company was organized on JAN 01 During the first year of operations, these plant as set expenditures and receipts were recorded in random order Debi Accrued realestate taxes paid at time of purchase of real estate 2. Real estate taxes on land paid for the current year. 3. Full payment to building contractor. 4. Excavation costs for new building 5. Cost of real estate purchased as a plant site (and 75.000 and building 25.000) 6. Cost of parking lots and driveways. 7. Architects tees on building plans 8. Instalation cost of fences around property 9. Cost of dem olishing old building to make way for construction of new building Total 5,000 7.500 490,000 19,000 100,000 18,000 9,000 6,000 27.000 681500 1 Credit Proceeds received from salvage op demolished building 5.000 Instructions Analyze the transactions above using these column headings. Insert the number of each tansaction in the item column, and then insert the amounts in the other appropriate columns For amounts entered in the OTHER ACCOUNTS column also indicate the account title. Problem 9-1B ... working papers Check the completed Prob 9-1A below to see the format used for this problem. Item Lands Buildings Other Accts 5 Other Account NAME 1 2 3 4 5 6 7 8 9

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